Galileo Resources (LON:GLR) Stock Price Down 19% – Here’s Why

Galileo Resources Plc (LON:GLRGet Free Report) dropped 19% during trading on Tuesday . The company traded as low as GBX 0.83 ($0.01) and last traded at GBX 0.83 ($0.01). Approximately 11,758,101 shares were traded during trading, an increase of 493% from the average daily volume of 1,981,434 shares. The stock had previously closed at GBX 1.03 ($0.01).

Galileo Resources Trading Up 5.9 %

The company has a fifty day moving average price of GBX 0.83 and a two-hundred day moving average price of GBX 0.95. The firm has a market cap of £10.46 million, a P/E ratio of -9.95 and a beta of 1.41.

Galileo Resources (LON:GLRGet Free Report) last released its quarterly earnings results on Monday, December 30th. The company reported GBX 0.19 ($0.00) earnings per share for the quarter.

About Galileo Resources

(Get Free Report)

Galileo Resources Plc explores and develops mineral projects in South Africa, Botswana, Zambia, Zimbabwe, the United Kingdom, and the United States. It explores for zinc, iron, manganese, copper, lithium, and gold deposits, as well as rare earths and aggregates. The company was incorporated in 2006 and is based in London, the United Kingdom.

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